LONDON, March 19- British online supermarket Ocado said on Tuesday retail revenue growth slowed in its latest quarter, hit by last month's huge fire at its flagship robotic distribution center. The firm, which last month announced a joint venture with Marks and Spencer, said its retail revenue increased 11.2 percent to 404 million pounds in the 13 weeks to March 3,...
Nutrisystem's Dawn Zier is a businesswoman with a master's from MIT. Today she's a trailblazer in the $70 billion weight-loss market. How her engineering background led her to become recognized as one of the best CEOs in America.
There are more than 6,500 Tesco stores worldwide, but there is one country where the British retailer failed to take off: the United States.
There are more than 6,500 Tesco stores worldwide, but there is one country where the British retailer failed to take off: the United States.
March 14- Dollar General Corp reported better-than-expected same-store sales on Thursday, as its customers spent more on groceries at the discount retailer's stores, benefiting from an earlier-than-usual issue of food stamps. Net sales rose to $6.65 billion from $6.13 billion. The company also raised its quarterly dividend by 10 percent and increased its...
Jim Cramer explains why he thinks Costco has an advantage Kroger is vulnerable as Amazon explores a new supermarket concept.
PARIS, March 8- French supermarket group Auchan's 2018 profits suffered a blow from the country's anti-government "Yellow Vests" protests, costing the retailer 140 million euros in lost revenue. A tough market hit its results in Italy too and in Asia where its Sun Art Retail subsidiary faces online competition. Revenue in France alone fell 1.3 percent, with the "...
When Pat Brown was working in his lab in 2011, he had "zero" intention of starting a business — much less one that would win U.N. backing and investments from the likes of billionaire Bill Gates.
LONDON, March 5- Sainsbury's was the worst performer of Britain's big four supermarket groups in the latest 12- week period, continuing a long run of underperformance, industry data showed on Tuesday. Market researcher Kantar Worldpanel said sales at Sainsbury's- Britain's No. 2 grocer that is trying to buy No. 3 Asda- fell 1.0 percent in the 12 weeks to Feb. 24.
LONDON, March 5- Sainsbury's was the worst performer of Britain's big four supermarket groups in the latest 12- week period, continuing a long run of underperformance, industry data showed on Tuesday. Market researcher Kantar Worldpanel said sales at Sainsbury's- Britain's No. 2 grocer that is trying to buy No. 3 Asda- fell 1.0 percent in the 12 weeks to Feb. 24.
March 1- Amazon.com Inc plans to open dozens of grocery stores across the United States as it looks to expand in the food business, the Wall Street Journal reported on Friday, citing people familiar with the matter. Amazon, which bought the upscale Whole Foods chain for $13.7 billion in 2017, is now in talks to open grocery stores in shopping centers in San...
Andrew Wolf of Loop Capital Markets and Ed Yruma of Keybanc join CNBC's "Power Lunch" team to discuss the current state of retail after a report said Amazon would open more grocery stores across the U.S.
March 1- Amazon.com Inc plans to open dozens of grocery stores across the United States as it looks to expand in the food business, the Wall Street Journal reported on Friday, citing people familiar with the matter. The company, which bought the upscale Whole Foods chain for $13.7 billion in 2017, is now in talks to open grocery stores in shopping centers in San...
March 1- Amazon.com Inc is planning to open dozens of grocery stores across the United States as it looks to expand in the food business, the Wall Street Journal reported https://www.wsj.com/articles/amazon-to-launch-new-grocery-store-business-sources- s a y- 1 1 5 5 1 4 6 1 8 8 7 on Friday, citing people familiar with the matter. The online retail giant is...
SANTIAGO, Feb 28- Chilean supermarket chains Cencosud, SMU and the local unit of Walmart Inc were fined $12.1 million on Thursday for participating in a scheme to fix the price of fresh chicken, according to court documents. The TDLC fined Censosud $5.14 million, Wal-Mart Chile $4.1 million, and SMU $3 million. The FNE had called for fines of up to $22.9 million for...
CNBC's "Power Lunch" team is joined by Wingstop CEO Charles Morrison to discuss the company's growth, momentum, and outlook for 2019.
PARIS, Feb 28- France's Carrefour raised its savings goal and said it would step up plans to downsize its hypermarket stores, as Europe's largest retailer delivered cost cuts of 1.05 billion euros in 2018 and a higher free cash flow. It posted a well-flagged 3.4 percent decline in 2018 operating profit, reflecting weakness in its domestic market that offset a...
PARIS, Feb 28- Carrefour said the execution of its turnaround plan was well on track and raised its savings goals, as Europe's largest retailer delivered cost cuts of 1.05 billion euros in 2018 and a higher free cash flow. The French supermarket retailer reported a well-flagged 3.4 percent decline in 2018 operating profit, reflecting weakness in its core French...
PARIS, Feb 28- Carrefour said its turnaround plan was well on track and raised its savings goals, after Europe's largest retailer delivered cost cuts of 1.05 billion euros in 2018 and a higher free cash flow. The French supermarket retailer also reported a well-flagged 3.4 percent decline in 2018 operating profit, reflecting restructuring charges in its core...
*M&S buying 50 pct share of Ocado's UK retail business. LONDON, Feb 27- British retailer Marks& Spencer will raise cash from investors and cut its dividend to finance a joint venture with online supermarket pioneer Ocado that will give M&S a full online food delivery service for the first time. Marks& Spencer, Britain's best-known stores group, said on Wednesday it...
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